$USDC

USDC (USD Coin) Latest Overview (as of June 20, 2025, Friday, 10:15 AM CST)**

1. **Price and Market Position:**

* **Price Stability:** USDC continues to maintain a strict peg to the US dollar at 1:1, with the current price around **$1.0000 USD**, demonstrating its core function as a stablecoin.

* **Market Capitalization and Ranking:** Its market capitalization is currently stable at around **$61.55 billion**, continuing to hold the position of the second-largest stablecoin globally (only behind USDT), while also ranking seventh in total cryptocurrency market capitalization.

* **Active Trading:** The trading volume over the past 24 hours is approximately **$9.87 billion**, highlighting its significant role as a major liquidity pair in decentralized finance (DeFi) and centralized trading platforms.

2. **Issuers and Support:**

* USDC is issued by the **Centre Consortium**, with core members being **Circle** and **Coinbase**.

* **Reserve Transparency:** Circle adheres to its principle of high transparency, claiming that USDC is backed by **100% highly liquid cash and cash equivalents**. These reserves mainly consist of short-term U.S. Treasury bills and overnight U.S. government bond repurchase agreements, and are subject to monthly audits and attestations by a well-known accounting firm.